Latest news for U&I Financial (OTC:UNIF) Stock

U&I Financial Corp is a bank holding company based in United States. The company, through its subsidiary, offers services of a community bank. The bank's operations include commercial banking services, such as lending activities, deposit products, and other cash management services.

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U&I FINANCIAL CORP by U & I Financial Corp

U&I Financial Corp

UniFirst Corp

Unifi Inc

Unifi Protocol DAO - United States Dollar

CHINA SENIOR LIV IND INT by China Senior Living Industry International Holding Corporation

Unified Global Corp

Unified Series Trust OneAscent Core Plus Bond ETF

Unified Series Trust OneAscent Emerging Markets ETF

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UNIFIEDPOST GRP UNSP/ADR by Unifiedpost Group S. A.

Unifiedpost Group SA

Unifty

Unifund Financial Technologies Inc

As of February&nbsp;9, 2025, the Company, together with its subsidiaries, held an aggregate of approximately 478,740 bitcoins, which were acquired at an aggregate purchase price of approximately&nbsp;$31.1&nbsp;billion and an average purchase price of approximately $65,033 per bitcoin, inclusive of fees and expenses.

MSTR

Strategy Says During February 3 and February 9, It Acquired Approximately 7,633 Bitcoins For ~$742.4 Million In Cash, At An Average Price Of $97,255 Per Bitcoin - Filing

Barclays analyst Matt Miksic maintains Boston Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) with a Overweight and raises the price target from $111 to $118.

Price Target

Analyst Ratings

Barclays Maintains Overweight on Boston Scientific, Raises Price Target to $118

QuickLogic Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUIK#NASDAQ">QUIK</a>), a leading provider of embedded FPGA (eFPGA) Hard IP, and ruggedized FPGAs, today announced the integration of the Synopsys Synplify&#xAE; synthesis tool into its FPGA User Tools. This integration enhances QuickLogic's design environment by accelerating FPGA-based design cycles, improving PPA and enabling engineers to work in a familiar design environment.
 &nbsp;

QUIK

SNPS

QuickLogic Integrates Synopsys Synplify to Speed Up FPGA Design and Boost Performance

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) researcher Troy Teslike on Sunday reflected on the recent accident where a Cybertruck reportedly collided with a light pole when full self-driving driver assistance technology was deployed, concluding that the technology doesn&#8217;t seem ready for autonomous operation yet.
What Happened: Teslike, who keeps a tab on Tesla deliveries and production, noted that it was rainy and dark during the crash. 
&#8220;Interestingly, Teslas don't use a dedicated rain sensor, which is standard in most modern cars and typically costs around $10,&#8221; the researcher wrote while adding that detecting rain through cameras is not easy. 
&#8220;The system processes real-time visual data to estimate rainfall and adjust the wipers, all while the FSD computer manages complex tasks like object detection and navigation. That's a significant workload,&#8221; he wrote while adding that he wonders whether a dedicated rain sensor might have helped in the situation. &#8220;Either way, FSD doesn&#8217;t seem ready for driverless operation yet.&#8221;
Teslike added that FSD seems to have trouble seeing road markings at night and can&#8217;t reliably detect solid objects like poles. &#8220;More sensors are needed,&#8221; he opined. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The vehicle was in the shoulder lane when Tesla&#39;s Full Self-Driving (FSD) first missed the road markings signaling to move left 500 feet before the pole, then failed to detect the pole in the middle of the lane where the shoulder had just ended. This shows three problems with… <a href="https://t.co/GvvZoi9hRZ">pic.twitter.com/GvvZoi9hRZ</a>
&mdash; Troy Teslike (@TroyTeslike) <a href="https://twitter.com/TroyTeslike/status/1888689418526932993?ref_src=twsrc%5Etfw">February 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The accident over the weekend was flagged by&nbsp;Jonathan Challinger, a Florida-based software engineer.
"Soooooo my Tesla Cybertruck crashed into a curb and then a light post on v13.2.4," <a href="https://www.benzinga.com/25/02/43583838/florida-engineer-says-his-tesla-cybertruck-crashed-into-a-light-post-when-fsd-was-deployed-it-is-easy-to-get-complacent-dont">Challinger wrote</a> on social media platform X on Sunday.
The vehicle crashed into a curb and a light post and did not attempt to slow down or turn off the lane until it hit the curb, Challinger said. As per the coordinates shared by the engineer, the accident occurred in Nevada. 
In October, the NHTSA also opened an investigation into<a href="https://www.benzinga.com/news/24/10/41398764/nhtsa-opens-probe-into-2-4m-tesla-vehicles-after-reports-of-4-crashes-with-fsd-involved" target="_blank" rel="noreferrer noopener">&nbsp;2.4 million Tesla vehicles</a>&nbsp;following reports of four crashes in which FSD was engaged.
The regulator then said that it had identified four crash reports in which a Tesla experienced a crash after entering an area of "reduced roadway visibility" with FSD engaged.&nbsp;The reduced visibility, the regulator said, was caused by sun glare, fog, or airborne dust.
In one of the crashes, the vehicle struck and killed a pedestrian, the regulator added. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/02/43577187/spacex-to-land-falcon-9-first-stage-off-the-coast-of-the-bahamas-later-this-month" target="_blank" rel="noreferrer noopener">Elon Musk's SpaceX To Land Falcon 9 First Stage Off The Coast Of The Bahamas Later This Month</a></li>
</ul>
Photo courtesy: Tesla

Tech

TSLA

Tesla Researcher Ponders On Need For Rain Sensors After Cybertruck On FSD Crashes With Pole, Says It 'Doesn't Seem Ready For Driverless Operation Yet'

Barclays analyst Luke Sergott maintains Avantor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>) with a Overweight and lowers the price target from $26 to $23.

AVTR

Barclays Maintains Overweight on Avantor, Lowers Price Target to $23

Chinese state-owned car manufacturers Dongfeng Motor Group and Chongqing Changan Automobile are contemplating a merger that could surpass EV giant BYD Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDYY#OTC">BYDYY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) in terms of market dominance.
What Happened: On Monday, both Dongfeng and Changan revealed in exchange filings that their controlling shareholders are considering asset deals that could change their ownership structures <a href="https://www.scmp.com/business/china-business/article/3298066/state-owned-chinese-carmakers-dongfeng-changan-likely-combine-eclipsing-byd">reported</a> the South China Morning Post. The specifics of these potential deals were not disclosed.
Loyal Wealth Management&#8217;s Fund Manager in&nbsp;Shanghai, Ivan Li, suggested that &#8220;the announcements hint at a possible&nbsp;merger of the state-backed parents,&nbsp;although they did not explicitly confirm it.&#8221; He also noted that the Chinese government has a vested interest in promoting consolidation in the automotive sector due to the high level of competition.
In 2024, Dongfeng sold 2.48 million vehicles, while Changan sold 2.68 million, delivering a total of 5.16 million vehicles in sales, compared to BYD&#8217;s sales of 4.27 million electric vehicles. 
SEE ALSO: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43558633/tesla-stock-stumbles-but-musks-10-trillion-ai-bet-is-in-motion">Tesla Stock Stumbles, But Musk&#8217;s $10 Trillion AI Bet Is In Motion</a>
Why It Matters: This potential merger comes at a time when Chinese automakers are aggressively expanding their operations. Last week,&nbsp;<a href="https://www.benzinga.com/markets/25/02/43527039/teslas-chinese-rival-byd-to-hire-20000-more-workers-in-zhengzhou-plans-major-expansion-to-meet-rising-ev-demand">BYD announced plans</a>&nbsp;to hire an additional 20,000 workers in Zhengzhou to boost production capacity. Similarly, Changan unveiled its "Dubhe Plan 2.0," promising to launch 35 intelligent vehicle models in the next three years.
As&nbsp;<a href="https://cnevpost.com/2025/02/10/dongfeng-changan-hint-at-merger/">reported</a>, the proposed merger between Dongfeng and Changan could result in one of the world&#8217;s largest auto groups. This consolidation could significantly alter the competitive landscape of China&#8217;s auto industry and have far-reaching implications for the global automotive market. A newly formed entity overseeing both Dongfeng Motor and Changan Automobile would become China's top carmaker by sales, surpassing BYD, the world's leading EV manufacturer.
Meanwhile, BYD outshined Tesla in terms of EV registrations in January in the UK.  Society of Motor Manufacturers and Traders (SMMT) reported that while Elon Musk&#8216;s Tesla saw a 7.79% decline in registered EVs, BYD reported a 551% surge in its EV registrations for January.
<ul>
<li>READ MORE: <a href="https://in.benzinga.com/tech/25/02/43585701/tesla-ceo-elon-musk-vp-of-finance-address-allegations-of-tax-fraud-losses-were-high-for-many-years-so-carry-forward">Tesla CEO Elon Musk, VP Of Finance Address Allegations Of Tax Fraud: &#8216;Losses Were High For Many Years, So Carry Forward&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BYDDF

BYDYY

Tesla's Chinese Rival BYD May Lose Market Dominance As China's Dongfeng And Changan Mull Merger: Report

WIIM

GOLD

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Shares of precious metals stocks are trading higher as gold and silver prices rise amid US tariffs on steel and aluminum.

Barclays analyst David Strauss maintains ATI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) with a Overweight and raises the price target from $70 to $75.

Barclays Maintains Overweight on ATI, Raises Price Target to $75

NEWP

New Pacific Metals Outlines 2025 Plans For Operations In Bolivia; At Both Assets, Silver Sand and Carangas, Its Primary Objective Is To Advance Permitting

Citigourp Global Markets 2% Protected Notes Linked To The Djia

PDD Holdings shares are trading higher after President Trump reportedly postponed tariffs on packages under $800 from China.

Barclays analyst Ramsey El-Assal maintains WEX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WEX#NYSE">WEX</a>) with a Equal-Weight and lowers the price target from $200 to $155.

Barclays Maintains Equal-Weight on WEX, Lowers Price Target to $155

Buybacks

SCHW

Charles Schwab Agrees To Repurchase $1.5B Of Its Nonvoting Common Stock Directly From TD, In Private Transaction

BP shares are trading higher after a report from The Wall Street Journal said Elliott Management has built a stake in the company and will push for changes.

SDST

Stardust Power shares are trading higher after the company executed an exclusive licensing agreement with KMX Technologies.

Barclays analyst Ramsey El-Assal maintains MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) with a Overweight and lowers the price target from $515 to $421.

Barclays Maintains Overweight on MicroStrategy, Lowers Price Target to $421

Northland Capital Markets analyst Tim Savageaux upgrades MACOM Technology Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NASDAQ">MTSI</a>) from Market Perform to Outperform and raises the price target from $105 to $140.

Upgrades

MTSI

Northland Capital Markets Upgrades MACOM Technology Solns to Outperform, Raises Price Target to $140

Barclays analyst David Anderson maintains Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) with a Overweight and raises the price target from $235 to $265.

Barclays Maintains Overweight on Fiserv, Raises Price Target to $265

Earlier, Elliott Investment disagreed with the Company's decision to support a $265.00 per share tender offer by its majority stockholder, Emerson, to acquire the AspenTech shares it does not already own.&nbsp;
Should the tender offer expire without the majority of the minority condition being met, Emerson has no interest in a disposition or sale of its holdings and will maintain its majority ownership stake in and governance rights related to AspenTech, which will remain a publicly-traded controlled company.&nbsp;
&nbsp;
&nbsp;

AZPN

Emerson Issues Statement At Launch Of AspenTech Tender Offer; Says $265 Per Share Price Is Its Best And Final Price

Barclays analyst Ramsey El-Assal maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Overweight and raises the price target from $95 to $103.

CTSH

Barclays Maintains Overweight on Cognizant Tech Solns, Raises Price Target to $103

Northland Capital Markets analyst Nehal Chokshi reiterates Qualys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLYS#NASDAQ">QLYS</a>) with a Market Perform and lowers the price target from $150 to $146.

Reiteration

QLYS

Northland Capital Markets Reiterates Market Perform on Qualys, Lowers Price Target to $146

Earnings

Press Releases

U & I Financial Corp. Reports Amended and Restated Fourth Quarter and Year-End 2023 Financial Results

U & I Financial Corp. and UniBank Name Stephanie Yoon Chief Executive Officer; Adds New Directors

U & I Financial Corp. Reports Second Quarter 2024 Financial Results

Management

UniBank Names Robert Disotell Executive Vice President and Chief Credit Officer

U & I Financial Corp. Reports Third Quarter 2024 Financial Results

U & I Financial Corp. Reports Amended and Restated Third Quarter 2024 Financial Results

U & I Financial Corp. Reports Fourth Quarter and Full Year 2024 Financial Results

U&I Financial

Hope Bancorp, Inc. (NASDAQ:<a class="ticker" href="/stock/HOPE#NASDAQ">HOPE</a>), the holding company of Bank of Hope, and U &amp; I Financial Corp. (OTC:<a class="ticker" href="/stock/UNIF#OTC">UNIF</a>), the holding company of UniBank, announced Monday, the signing of a definitive agreement under which UNIF will merge with and into Hope Bancorp and UniBank will merge with and into Bank of Hope. The combination makes Bank of Hope the only Korean-American bank with operations in the Pacific Northwest.

	&nbsp;

	Under the terms of the merger agreement, UNIF common shareholders will be entitled to receive shares of HOPE common stock in this stock-for-stock transaction. The total aggregate value of the transaction is approximately $48.8 million or $9.50 per UNIF common share, subject to certain adjustments described in the merger agreement. The acquisition is expected to be immediately accretive to tangible book value and earnings.

HOPE

Hope Bancorp to Acquire U & I Financial Corp for $9.50/Share in Stock

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Latest news for U&I Financial (OTC:UNIF) Stock

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